Retirement plan

HAMILTON SAFE GROUP 401(K) PLAN

Name: HAMILTON SAFE CO. - HAMILTON SAFE GROUP 401(K) PLAN (2017) Form 5500
Creator: HAMILTON SAFE CO.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, HAMILTON SAFE GROUP 401(K) PLAN, HAMILTON SAFE CO.

HAMILTON SAFE CO.EIN 31-0729027Plan #002PY 2017

7775 COOPER ROAD - CINCINNATI, OH 45242513-874-3733LinkedIn1-10 employeescivic & social organization

Prospect flagsLow returnsHigh feesFailed to transmit contributions

How to read this page

Total assets (EOY)

$18.5M

+10.6% from 2016

Total participants

248

-0.8% from 2016

Average account balance

$74,632

+11.5% from 2016

Annual return

13.24%

+6.79 pp from 2016

Benchmarks

See 4,147 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants100-249

Cohort4,147 peers

Snapshot2017

Free accounts unlock saves, downloads, and 3-year history.

Analytics

Total assets (EOY)

Plan-year ending balance

$20.58M

Not enough data

1 years with asset history on file

Average account balance

Total assets / participants with a balance (line 6g)

$57K

Not enough data

1 years with per-participant data

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

364

Not enough data

1 years with headcount on file

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

99.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.79M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$7K

Not enough data

1 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+12.27%

Not enough data

1 years with return on file

Admin fee / account holder

Total admin expenses / participants with a balance (line 6g)

$202

Not enough data

1 years with admin cost on file

Asset composition

Cash / stocks / bonds / mutual funds / real estate / loans over time

Not enough data

1 years with F_SCH_H allocation on file

Free accounts unlock saves, downloads, and 3-year history.

Service providers

Top 2 by compensation

Provider	Service type	Compensation
FIFTH THIRD BANK RETIREMENT SERVICE3+ years Service code 26 38 FOUNTAIN SQUARE PLAZA · CINCINNATI, OH 45263	Advisory (Participants)	$84,574
SCROGGINSGREAR, INC.3+ years Filed as: SCROGGINSGREAR INC Service code 10 200 NORTHLAND BLVD · CINCINNATI, OH 45246	Accounting	$15,700

Plan features & details

Pension benefit codes2E2F2G2J2S2T3D3H

Plan features

2E
Profit-sharing
Profit-sharing plan.
2F
ERISA section 404(c) plan
This plan or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1 (shifting investment responsibility to participants).
2G
Total participant-directed account plan
Participants have the opportunity to direct the investment of all of the assets allocated to their individual accounts regardless of whether 29 CFR 2550.404c-1 is intended to be met.
2J
Code section 401(k) feature
Cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan under which employees may elect to defer part of their compensation or receive these amounts in cash.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
2T
Default investment account
Total or partial participant-directed account plan where plan uses a default investment account for participants who fail to direct assets in their account.
3D
Pre-approved pension plan
A master prototype or volume submitter plan that is the subject of a favorable opinion or advisory letter from the IRS.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

3 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).

Expense breakdown

Schedule H Part II

Admin total

$100K

$554 / participant

Investment mgmt$59K58.4%
Contract admin$42K41.6%

% of EOY assets

0.542%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm: SCROGGINS GREAR
Auditor EIN: 310795487
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$74,632

$64,909+15.0%

$82,312-9.3%

$62,293+19.8%

Participation rate

100.0%

74.9%+25.1pp

76.9%+23.1pp

69.5%+30.5pp

Annual return

13.24%

21.18%-7.9pp

25.88%-12.6pp

28.90%-15.7pp

Employer contribution / active EE

$1,866

$1,676+11.3%

$2,428-23.2%

$2,042-8.6%

Participant deferral / active EE

$2,973

$3,103-4.2%

$3,706-19.8%

$3,169-6.2%

Admin fee / account holder

$404

$440-8.0%

$5,608-92.8%

$479-15.6%

Provider

Service type

Compensation

FIFTH THIRD BANK RETIREMENT SERVICE3+ years

Service code 26

38 FOUNTAIN SQUARE PLAZA · CINCINNATI, OH 45263

Advisory (Participants)

$84,574

SCROGGINSGREAR, INC.3+ years

Filed as: SCROGGINSGREAR INC

Service code 10

200 NORTHLAND BLVD · CINCINNATI, OH 45246

Accounting

$15,700

HAMILTON SAFE GROUP 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

HAMILTON SAFE GROUP 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion